head of Goldman Sachs literally said he’s doing “God’s work”

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PostSun Jan 03, 2010 1:38 am » by Illuminated


Big Bankers Say They’re Doing God’s Work … Are They Right?

If you are an atheist and believe that religion is crazy, please remember that some 85% of the American population identifies itself as Christian and millions more identify themselves as Jewish, and that most people make decisions and process information based on their beliefs and emotions.

The head of Goldman Sachs literally said he’s doing “God’s work” with his banking activities.

source: hhttp://www.timesonline.co.uk/tol/news/ ... t=0&page=1

7page article - a real eye opener ^

excerpt from ^:

Unlike at other banks, top performers are encouraged to get on, make all the money they will ever need in their thirties, then get out to "do good". The average tenure of a partner is eight years. "You don’t join for the retirement programme," says one staffer. "You have your phase of the moon to make money and then f*** off." But doing good does not mean running an HIV clinic in Kinshasa, it means getting top jobs in treasuries, central banks and stock exchanges around the world.

The list of former Goldman executives who have held key posts in the US administration and vital global institutions in New York and Washington alone is mind-boggling. It includes: the treasury secretary under Bill Clinton (Robert Rubin); the treasury secretary under George Bush (Hank Paulson); the current president and former chairman of the New York Federal Reserve (William Dudley and Stephen Friedman); the chief of staff to the treasury secretary Timothy Geithner (Mark Patterson); the chief of staff under President Bush (Joshua Bolten); the economic adviser to the secretary of state, Hillary Clinton (Robert Hormats); the chairman of the US Commodity Futures Trading Commission (Gary Gensler); the under-secretary of state for economic, business, and agricultural affairs under President Bush (Reuben Jeffery); the past and current heads of the New York Stock Exchange (John Thain and Duncan Niederauer); the chief operating officer of the Securities and Exchange Commission’s enforcement division (Adam Storch). Moreover, Goldman’s new top lobbyist in Washington, Michael Paese, used to work for Barney Frank, the congressman who chairs the House Financial Services Committee. To put this in perspective, imagine that Alistair Darling, the chancellor, and his key advisers, Mervyn King, governor of the Bank of England, Xavier Rolet, the boss of the London Stock Exchange, and Hector Sants, head of the Financial Services Authority, all used to work at the same City firm before moving into government. Small wonder that another of Goldman’s nicknames is "Government Sachs".


all linked from some guys blog
http://www.nakedcapitalism.com/author/george-washington
Restoring Sanity and or Keeping Fear Alive! :wink:

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